St. Louis Financial Planners Asset Management LLC Purchases New Position in PepsiCo, Inc. $PEP

Key Points

• St. Louis Financial Planners Asset Management LLC acquired 21,471 shares of PepsiCo, Inc., valued at approximately $2.83 million, making it the firm's 14th largest holding.
• PepsiCo's latest earnings report revealed earnings per share of $2.12, exceeding analysts' expectations, and a revenue of $22.73 billion, marking a 1.0% increase from the previous year.
• The company declared a quarterly dividend of $1.4225 per share with an annualized yield of 4.0%, while its dividend payout ratio stands at 103.64%.

St. Louis Financial Planners Asset Management LLC purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 21,471 shares of the company's stock, valued at approximately $2,835,000. PepsiCo makes up approximately 2.2% of St. Louis Financial Planners Asset Management LLC's holdings, making the stock its 14th biggest holding.

A number of other institutional investors also recently modified their holdings of the business. Nova Wealth Management Inc. purchased a new stake in PepsiCo in the 1st quarter worth approximately $25,000. Elite Financial Inc. purchased a new stake in PepsiCo in the 1st quarter worth approximately $28,000. Sunbeam Capital Management LLC purchased a new stake in PepsiCo in the 4th quarter worth approximately $47,000. MorganRosel Wealth Management LLC purchased a new stake in PepsiCo in the 1st quarter worth approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of PepsiCo during the 1st quarter valued at $58,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $140.64 on Tuesday. The firm has a market cap of $192.55 billion, a PE ratio of 25.62, a price-to-earnings-growth ratio of 3.63 and a beta of 0.46. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $179.43. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The company's fifty day simple moving average is $143.93 and its two-hundred day simple moving average is $140.35.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The firm had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is 103.64%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PEP. Morgan Stanley raised their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. lowered their price objective on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. Citigroup raised their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Royal Bank Of Canada restated a "sector perform" rating and set a $146.00 price objective on shares of PepsiCo in a research report on Wednesday, September 3rd. Finally, Barclays raised their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $158.67.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.

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